ONGC wins 7 oil blocks in latest bid round
22nd Oct 2020

Oil and Natural Gas Corporation (ONGC) has won seven out of the 11 oil and gas exploration blocks offered for bidding in the latest licensing round. The government had offered 11 blocks for exploration and production of oil and gas in the fifth bid round under the Open Acreage Licensing Policy (OLAP).

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.